Shandong Iron and Steel parent completes share increase

Shandong Iron and Steel Group Co., Ltd., the controlling shareholder of Shandong Iron and Steel Company (SSE:600022), has completed its previously announced plan to increase its stake in the listed entity. The operation, initiated on June 13, 2024, and completed on June 10, 2025, involved the purchase of 400,349,301 A-shares via centralized bidding on the Shanghai Stock Exchange. The total investment amounted to CNY 500,076,010.98, excluding transaction-related expenses.